Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
"You wanted to begin legal diligence on a Friday and sign the deal Monday?" an attorney asked Zuckerberg, and he confirmed.
But Zuckerberg said the deal was delayed, as they needed key people to sign up.
"We were having a lot of [conversations] on our side about whether this was the right thing to go forward and do," Zuckerberg said. "$2 billion is a lot of money ... this was a real big strategy investment ... it was a big and contentious discussion.... until the end we weren't certain."
Emails between Zuckerberg and Facebook's deal maker, shown in court, revealed that the pair discussed the risk of doing the deal over the weekend, noting that some of the things that Oculus told Facebook "were simply not true."
Zuckerberg said that he shopped around and that "we decided that by far this was the best team out there and we wanted to move forward. "
Zuckerberg said he did not mention to the Facebook board the risk of doing the deal over the weekend. Andreessen Horowitz, led by Facebook board member Marc Andreessen, invested $37 million in Oculus, and the firm made $270 million on the transaction, according to The New York Times. Zuckerberg said at the trial that Andreessen recused himself from the deal, though he confirmed that Andreessen was the one that introduced Zuckerberg to the company.
Oculus, Facebook's second-largest acquisition, is now being sued on accusations that the company's founder and chief technology officer abused intellectual property from a company called ZeniMax.
Zuckerberg told the court on Tuesday that he was unaware of many of the claims between Oculus and ZeniMax.